Symposium on Emerging Opportunities for Indian Textiles and Crafts

Speed Post News Network

New Delhi : Union Textiles and WCD Minister  Smriti Zubin Irani on February 19, 2020, said that time has come to focus on the Micro, Small and Medium Enterprises (MSMEs).

Speaking at a symposium on ‘Emerging Opportunities for Indian Textiles and Crafts’ held in New Delhi, she said that the Textiles Ministry will get in touch with small scale manufactures, who are meeting exports compliances, meeting delivery schedules, and  support them with finance, legislation, certification, quality control programmes and R&D to make them leaders in their respective sphere.

Irani said there is a need to diversify our established opportunities instead of leaving the space for one Export Promotion Council (EPC) or one segment. She stressed on  augmenting domestic capabilities. She further said that the industry should resolve to ensure that India is not a nation of job workers but a leader in textiles sector.  The Textiles Minister also said that her Ministry always worked extra mile for every issue highlighted by the industry.

Observing that India has been satisfied with just 10 big textiles companies for long, the Minister said that the time has come now for 100 new companies to spring up, according to a PIB release. Irani appealed to the textiles industry to fulfil the intention behind the Prime Minister’s announcement on anti-dumping duty on PTA and National Mission on Technical Textiles. Smriti Zubin Irani also asked the industry to meet the requirements of Jal Jivan Mission and farmers, apart from focusing on exports.

In his key note address, Secretary Textiles, Ravi Capoor, said that the global economy is passing through a critical juncture and India should step in and seize the big opportunity. Referring to Government’s decision on the MMF (man made fibre) sector, he said it is a bold decision that opens up huge opportunity. He said that the industry should add up to its capacity and occupy the space vacated by China. China vacated 20 billion US dollar apparel space in the last 3 years and most of this was in the MMF sector.